RNA based Therapeutics and Vaccines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
RNA based Therapeutics and Vaccines Market: Overview
RNA-based gene silencing has been heralded a novel means for drug target identification and validation. These have squarely addressed the limitations pertaining to RNA-based vaccines for viral infections and various cancers, particularly inefficient delivery issues and safety. More specifically, RNA interference (RNAi) plays a key role in gene silencing, hence in some promising target gene identification. These developments form the key pivot in the evolution and recent strides in the RNA based therapeutics and vaccines market. RNA based therapeutics form attractive part of applying RNA virus vectors and non-viral delivery for vaccine development.
Nanoparticle-based delivery of RNA is one of the key development in the RNA based therapeutics and vaccines market.
RNA based Therapeutics and Vaccines Market: Competitive Analysis and Key Developments
A variety of approaches used by researchers to advance the scope of the RNA based therapeutics and vaccines market include optimized injection strategies, protamine condensation, and gene gun-based administration in mice models. Moreover, RNA adjuvants and encapsulation of RNA in nanoparticles are used by them to improve delivery.
Players in the RNA based therapeutics and vaccines market are leaning on collaborating and partnering activities to stay ahead of the competitive edge. Top players are putting substantial financial might to test new approached in improving the therapeutic properties of RNA.
Some of the promising players in the RNA based therapeutics and vaccines market are Arbutus Biopharma Corp., Regulus Therapeutics Inc., Miragen Therapeutics, Inc., Moderena Therapeutics, Inc., and Sylentis S.A.
RNA based Therapeutics and Vaccines Market: Key Trends
Approaches made in adjuvants and costimulatory molecules are opening new avenues in the RNA based therapeutics and vaccines market. A growing number of RNA therapeutics are in clinical and preclinical stage. Research in antisense technology and SMaRT technology is expanding the outlook of the market. In recent years, RNA-based drugs and vaccines show potential in cancer and numerous viral diseases.
In recent months, the mounting morbidity and mortality of the novel coronavirus has spurred researchers to test mRNA-based vaccine candidates. In this regard, messenger RNA (mRNA)-based vaccine technology has shown profound potential, thus expanding the opportunities in the market. These have been highlighted in GlobalData’s Coronavirus Disease 2019. World over, mRNA-based vaccine candidates are extensively used in the expansion of the RNA based therapeutics and vaccines market. The prospect in the market has also seen new revenue on the back of advances being made by RNA platform technology.
RNA based Therapeutics and Vaccines Market: Regional Analysis
The RNA based therapeutics and vaccines market’s opportunities are spread over Europe, Asia Pacific, LAMEA, Europe, and North America. Of these, North America holds a promising share in the RNA based therapeutics and vaccines market. The regional market is see high revenue potential on the back of extensive research done in order to commercialize the therapeutics. Asia Pacific has been a promisingly lucrative market. The growth has been fueled by initiatives taken by governments to boost therapeutics and vaccine for viral diseases. A case in point is public support for mRNA-based vaccine for COVID-19. The region has also some encouraging RNA vaccine candidates in the pipelines. Europe RNA based therapeutics and vaccines market has seen rapidly rising opportunities. This is on the back of substantial number of RNA vaccines in clinical stages over the past few years.
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